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It's only been two months since CM Punk made his in-ring return at All Out in September against Darby Allin. However, since then Punk has been moving around fighting anyone and everyone, but hasn't had a defined direction. Outside of short rivalry with Team Taz specifically Powerhouse Hobbs there really hasn't been much going on for Punk. It understood that they didn't want to rush into something and wanted to keep Punk's gimmick developing which is basically him showing that he can still go after seven years out of the ring.
After in many ways a random altercation between Eddie Kingston and Punk last week it seems like we might have an answer to that question. The altercation looked a bit spontaneous which makes it look real, but there needs to be more context to the feud before we judge the feud. Kingston had the best match of his career thus far against Danielson last week and was likely frustrated. It is possible that Eddie could feel a bit upstaged with the arrivals of the new marquee stars taking spots anyway from the founding members of the roster.
Honestly, they couldn't have picked someone better for Punk to have his first meaningful feud with then Eddie Kingston. It could help set the stage for a slow burn return to the main event picture for CM Punk and I agree with the route they were taking with Punk. Considering the fact Bryan Danielson moved into the title picture upon his arrival in the company there was no reason to have Punk move right into the title picture upon his return. Punk will likely be in the World Title picture or the main event scene at some point, but it likely will not happen for another year in any case. In either case I'm looking forward to see how this feud materializes.